Erste, KBC Lead European Bank Stocks Lower After EU Summit

Erste Group Bank AG and KBC Groep NV (KBC) led European bank stocks lower after European Union leaders dropped their demand that investors share the cost of bailouts.

The Bloomberg Europe Banks and Financial Services Index fell 1.6 percent at 8:05 a.m. in London trading.

To contact the reporter on this story: Liam Vaughan in London at lvaughan6@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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